Miner hit with largest ever UK legal penalty for a company over ‘endemic’ corruption at African oil trading desk
The mining and commodities giant Glencore will be forced to pay £281m in fines, confiscated profits and costs as punishment for “sustained criminality”, the largest ever penalty imposed on a company in a UK court.
A judge at Southwark crown court in London on Thursday said offences by a UK subsidiary of Glencore showed high culpability for the “highly corrosive” offence.
Miner hit with largest ever UK legal penalty for a company over ‘endemic’ corruption at African oil trading deskThe mining and commodities giant Glencore will be forced to pay £281m in fines, confiscated profits and costs as punishment for “sustained criminality”, the largest ever penalty imposed on a company in a UK court.A judge at Southwark crown court in London on Thursday said offences by a UK subsidiary of Glencore showed high culpability for the “highly corrosive” offence. Continue reading…
